8,410 Shares in Home Bancorp, Inc. $HBCP Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new stake in shares of Home Bancorp, Inc. (NASDAQ:HBCP) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 8,410 shares of the bank’s stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the 2nd quarter worth approximately $46,000. Tower Research Capital LLC TRC raised its stake in Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after buying an additional 769 shares during the last quarter. CWM LLC boosted its holdings in Home Bancorp by 31.1% in the second quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after acquiring an additional 406 shares in the last quarter. Canton Hathaway LLC bought a new stake in Home Bancorp in the third quarter worth $118,000. Finally, Exencial Wealth Advisors LLC purchased a new stake in shares of Home Bancorp in the second quarter worth $212,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HBCP has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Hovde Group upped their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, January 29th. Finally, Zacks Research upgraded shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $63.00.

Home Bancorp Trading Down 0.5%

HBCP stock opened at $60.46 on Friday. Home Bancorp, Inc. has a 1-year low of $39.59 and a 1-year high of $64.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $473.40 million, a price-to-earnings ratio of 10.30 and a beta of 0.60. The business has a 50 day simple moving average of $60.25 and a two-hundred day simple moving average of $56.56.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.19%. The firm had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $33.73 million. Research analysts anticipate that Home Bancorp, Inc. will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Monday, February 9th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, February 9th. Home Bancorp’s dividend payout ratio is 21.12%.

Insider Activity at Home Bancorp

In other news, Director Chris P. Rader acquired 500 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was purchased at an average price of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the transaction, the director directly owned 17,714 shares in the company, valued at approximately $1,053,983. This trade represents a 2.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is owned by company insiders.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.